1 / 10

BEHAVIORAL TRAPS

Collective Choice Dilemmas. What is the NORMATIVE CORRECT Solution ? (game theory)People usually don't pursue rational strategyWHY???. Taxonomy of traps (Cross-Guyer). Time delay traps (short-term vs long-term gains and losses)Ignorance traps (unforeseen or known negative consequences)Investment traps (sunk cost effects)Deterioration traps (sliding reinforcer traps)COLLECTIVE TRAPS (self-interests leads to negative conse1145

andrew
Download Presentation

BEHAVIORAL TRAPS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. BEHAVIORAL TRAPS “Individuals or groups embark on promising course of action…>undesirable and difficult to escape “

    2. Collective Choice Dilemmas What is the NORMATIVE CORRECT Solution ? (game theory) People usually don’t pursue rational strategy WHY???

    3. Taxonomy of traps (Cross-Guyer) Time delay traps (short-term vs long-term gains and losses) Ignorance traps (unforeseen or known negative consequences) Investment traps (sunk cost effects) Deterioration traps (sliding reinforcer traps) COLLECTIVE TRAPS (self-interests leads to negative consequences for whole)

    4. Prisoner Dilemma Interdependent choice situation What would you do? WHY??? Prisoner A Confess Don’t Con. -5,-5 -10,0 B Don’t 0, -10 -1,-1

    5. Prisoner’s Dilemma Depends how view (FRAME) problem ONE-SHOTE choice STRATEGY over time Mutual cooperation NOT rational choice ONE SHOT Stable equilibrium over time

    6. CHICKEN 2 cars heading for a crash Whoever swerves FIRST…>LOSES What would you do? Prisoner A Don’t swerve S Sw 10, -10 0,0 B Don’t -100,-100 -10,10

    7. Analogy for what type of political conflict? BALANCE of TERROR (Cuban Missile Crisis)

    8. Tragedy of the Commons Garrett Hardin What happens to common grazing area if every herder follows own self interest?

    10. Analogy used in negotiation of “Law of the Seas Treaty” National waters EEZ Economic Zones Open seas

    11. How to deal with future Tragedy of the Commons? Population growth Environmental degradation Loss of bio-diversity System collapse???

More Related